Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Gap Down – Here’s Why

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY) shares gapped down prior to trading on Monday . The stock had previously closed at $0.5722, but opened at $0.5409. Aston Martin Lagonda Global shares last traded at $0.5409, with a volume of 492 shares trading hands.

Analyst Ratings Changes

A number of research analysts have commented on ARGGY shares. Sanford C. Bernstein lowered Aston Martin Lagonda Global from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Citigroup reiterated a “neutral” rating on shares of Aston Martin Lagonda Global in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Aston Martin Lagonda Global in a research report on Thursday, May 14th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Aston Martin Lagonda Global Price Performance

The company has a 50-day moving average price of $0.59 and a 200-day moving average price of $0.69.

About Aston Martin Lagonda Global

Aston Martin Lagonda Global plc is the holding company for Aston Martin Lagonda, a British manufacturer specializing in luxury performance automobiles. The company designs, engineers and assembles a portfolio of high-end sports cars, grand tourers and luxury SUVs. Its product range includes long-standing model lines such as the DB series and Vantage, as well as the DBX SUV, and a limited number of flagship hypercars including the Valkyrie and Valhalla. Under its Lagonda marque, the company is also developing all-electric luxury vehicles aimed at the ultra-premium segment.

Manufacturing and R&D are centered at its headquarters in Gaydon, Warwickshire, England, where the company integrates bespoke craftsmanship with advanced technologies.